Accounting procedures dictate how companies record and report their financial information. Generally accepted accounting principles (GAAP) is the leading U.S. authority for accounting standards in the ...

Your business accounting system can do more than just keep track of your money inflows and outflows. It can help increase your profits by eliminating waste and money lost due to missing deadlines.

The IRS has issued new guidance on automatic accounting method changes. Revenue Procedure 2009-39 provides certain additions, modifications and clarifications to Revenue Procedures 2008-52 and 97-27 ...

Discover how the Accounting Principles Board (APB) set foundational accounting standards and influenced today's GAAP under the FASB in the financial reporting world.

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

February 24, 2005 TORONTO, Ontario - In late February, Alarmforce Industries announced it restated its financial statements for the first three quarters of the year that ended Oct. 31, 2004, and the ...

The Internal Revenue Service is clarifying some of its procedures for changing a method of accounting. Revenue Procedure 2015-33 clarifies several items in another revenue procedure issued earlier ...

While there is broad agreement that the accounting profession is undergoing a drastic digital transformation, a question that remains is just who exactly will be leading this transformation: ...

The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, which generally took effect in 2018, provides welcome simplifications for small business taxpayers. This article highlights some of ...

In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...

Forensic accountants are financial detectives who investigate financial reports and documents, often in connection with legal action. Find out what it takes to become one.